• Coinvestment and risk taking in private equity funds 

      Bienz, Carsten; Thorburn, Karin; Walz, Uwe (2016-01-01)
      Private equity fund managers are typically required to invest their own money alongside the fund. We examine how this coinvestment affects the acquisition strategy of leveraged buyout funds. In a simple model, where the ...
    • Local Peer Effects and Corporate Investment 

      Bao, Yangming; Goetz, Martin (2018-07-07)
      We examine how a firms' investment behavior affects the investment of a neighboring firm. Economic theory yields ambiguous predictions regarding the direction of firm peer effects and consistent with earlier work, we find ...
    • The Long-Run Real Effects of Banking Crises: Firm-Level Investment Dynamics and the Role of Wage Rigidity 

      Wix, Carlo (2017-11-01)
      This paper studies the long-run effects of credit market disruptions on real firm outcomes and how these effects depend on nominal wage rigidities at the firm level. I trace out the long-run investment and growth trajectories ...